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Prediction: Bitcoin Will Hit $100,000 in 2024

TheMotleyFool

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Prediction: Bitcoin Will Hit $100,000 in 2024: https://g.foolcdn.com/editorial/images/764135/bitcoin-cryptocurrency-golden-coins.jpg

Coming off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024. But will it be able to keep enough momentum to hit the highly anticipated $100,000 mark?

Let's cut to the chase: The answer is yes. The reasoning for this corresponds to several evolving developments, but the most influential boils down to one simple phenomenon: supply and demand. With a bit of math, it becomes easy to see how a six-figure Bitcoin is not only within the realm of possibility but almost a near certainty.

Image source: Getty Images.

Source Fool.com

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